 In April 2000, Clear Channel Communications proposed a complex station swap with Regent Communications which would have involved 20 stations nationwide, including KROY, and a payment of over $67 million by Regent to Clear Channel.This deal was one of many divestitures required of Clear Channel and AMFM, Inc. by the FCC as a condition of their merger, in order to satisfy ownership caps in each affected media market.While this exchange was not implemented fully, Clear Channel did acquire KROY and KATJ-FM.